Tag Archives: Mitch Lasky

Venture capitalist Mitch Lasky, a man with an eye for a rising star in gaming, has said Facebook is losing relevance as a money-making platform.

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EA’s forecast for FY10 revealed this week has been met with disappointment from investors, according to industry and investment analysts who feel that something “drastic” has to happen to turn things around for EA.

This lack of investor confidence has put CEO John Riccitiello in an unenviable position, causing Janco Partners analyst Mike Hickey to state that Riccitiello’s “inability to execute on his performance objectives this year could put him at risk”.

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Ex-EA EVP Mitch Lasky written a damning assessment of EA’s recent full-year warning on his blog, noting that over $11 billion of the publisher’s market value has been lost in the last three years.

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Big Dave Perry’s Gaikai game service has raised $5 million in venture capital funding, according to a US SEC filing uncovered by Gamasutra.

According to the doc, Mitch Lasky, a former Activision exec and current partner at tech-investment firm Benchmark Capital, is a contributor.

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Speaking at DICE in Las Vegas, Mitch Lasky – former head of EA Mobile and now a partner at Benchmark Capital, has blamed Sony and Microsoft for me-too trends in games development, not the grouping of smaller companies.

“Don’t blame consolidation,” he said on the subject of lack of innovation in games. “Blame Sony and Microsoft for jumping the budgets up to $30 million for a console game. That’s not consolidation’s fault.”

Of course, an unhealthy lack of innovation in games is nothing to do with the way publishers like EA operate.

“Publisher have got to make their numbers,” he said. “It’s all about mitigation and growth.”

DICE is running until Friday at the Red Rock resort in Las Vegas.